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<br /> THF, MORTGAGOR FURTHER COVCNANTS AND ACRGI3S:
<br /> � � 7'hat (lie MortK�R�>r K'ill p�y the ind�btudnccv us hereinbe(ore provided. � . . � .
<br /> � 1'hul tlic Morlgagor is the oH•ner ut sf�id property in fer sitnple mu! has gn�xl right Und I:n�•(ul authority to sell and � �. . � .
<br /> convey the sume .ind that the anme is free nnd ciear of nny licn or encumbrnnce; anet that �fortgt�gor wil� warrnnt and defrnd �he - �� . � .
<br /> ` title tu said ryremises against thi� claims of ull persnns wliomsoever. � . . � . . �
<br /> � j 'Ib pay immediulely �vhen due sand pays�ble all general tasex. special tFixrs. special asseysments, wafer charges: sewer serv- . � � .
<br /> ice charges, nnd ulher IilXP4 und charges aguin+t said pruperly, and all tnzrs levi��d on th�� deht srcumd hereby. :�nd to furnish thr. . �
<br /> r4ortgugee. u��n request, wilh the originiil nr duplicnte � ;rceipts then•for. 7'he n1or�K��Kor agrees � thal theru shall he added io ' � . � . . . . .
<br /> � each munthly puymenf. required hcreunder ur under � lhe evidence of drbt secured hr•reby ;m amuunt � rstimnled hy the �9ortR�Ree � . . . � �
<br /> � in I�e suliicient to ennhle � the hfort�;ngee to pav. ais ih�+y becomc du��. nit taxi�;. �ssry�mentx. �nd similnr cha�rges upun �he Prem• ; � �. . � - .
<br /> ises subject thereto; unY deficiency because o( lhe insidliciency u( tiuch addilionul paymcnts shall be torlhwifh deposiled by the � , - . . � �
<br /> Atorigngor �sith the rlurtgagee . upnn drmund hy the hlortga�:ec. Any def�mlt. under Ihis p,ar:��;rapli .h.dl hr� dremed a default in � . . . � . . . . � .
<br /> pnymeut o( li�xrs, ussirssments. ar simii�ir chargrs rcyuired hereundre � �. � � � � . .
<br /> The �tortgngor agrers tLat ihere shall also 6r added to vuch munthlY P:�y�»�';�� ��t princip�d and intemsi requir�•d here- . . � � � .
<br /> tntdrr an umount. estimated by the nfurtgay;ee to bi� sufiicienl �o entibl�� the A1orl;;a�ce to pay. tis it I>ecnmes duc. Ihe insurnnce � . . . . . .
<br /> :: premium on any insurunce policy delivervd to the 1lnrtg:�qec. Any dr(icicncy b��cause n( thr insutiiciency of iuch additional pay- � � �
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<br /> menLs shull 6e forlhwith deposili�d by the Alort„ntiur �rilh lhe ;�4nrigaKec upmi dem:�nd Ly Ihr !11orl�;agee. Any defaull widcr this . . . . .
<br /> . p�ragrtq�h shall be �de��med u default in the paymrnl of innur:nue premiums. I( ihr pnlicp nr pulici�•s deposilud are sucl� ati home� ' � � . .
<br /> i � uwners or :dl risk policics. .u�d lhc+ d��posils are insuflicient to pay thr i•Nire prrmium. thc hlurlgagee may apply the deposil lo '� � . . .� �.
<br /> pny premiim�s on risks reyuired to be in;ured by ihis mort�;a�;o. . � � � � � . .
<br /> Paymenis mndr by thc !�iorl;;agor under Ihr abuve pnragriphs may, al thc optim� nf thc \torlg�gec. be h�•Id hy it. and .. : � �
<br /> cnmmintiled wi�h olher such funds ur its rnrn hmd, [nr lhc paymi�nt of such items. emd until so :�pplied. vuch payments �irr h��re6y . � . . . . .
<br /> pl�Klge(! as srcurily for lhe unpaid lml:mee uf the morl;::�gc indebtrdness. . � � � . � � .
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<br /> To prcxure. dcliver to. nnd mainlain for the benefit n( the ;�Inrl;;agc�� durin;; tl�e life o( lhis mort�;age original Polirii•s and � . . . . �
<br /> '�� ` renewals thereo[, delivered at lea:;t ten days Iw�(ore ihe expirnliun uf any such pulicies. insurin�; againsl (irc .+nd ulher insumLle �. - . �
<br /> '� � � hnzzuds, rasuallies, tmd cmdingencies as the D1nrtgngr.e may require, in ;m �imount equal to Uie indebtedness secured hy this . . - . � ��
<br /> :� � � Mortgage, and in Compvnies iirceplable lo lhe \lorfgag�e. wi�h lo�s payi�ble cinuse in (avor ot and in furm acceptable to the i\9nrt�;a- � � . . � . .
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<br /> �ee. In the rvent miy policy is not renewed on nr brfore len daYs uf its erpiratiun, l6e �1urt�;agee may prorure insurance on the . . � � . . � -
<br /> i improvements. pay thc premium �heretor. nnd such sum shaR becomi• immedi�lcly dur nnd payable with inler�•sf. a� the rate srt . � �. .
<br /> (orth in said nute until paid nnd shnll bn secured by lhis mnrt�a„c. l�ailure nn the part of ihe i\lorl„agor to (urni;h such r�urwale � � . .
<br /> f - as nre herein myuired or t.iilure fn pay any sums ndvanced herrunder shall, at ihe optinn of lhe 9lortgagee, canslitute n de(nult � � � - .
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<br /> under fhe terms of lhis morlguge. 'Phr deli��er�� o( such pulicies sh:dl, in Ihi� rvi�nt n( drfault. cnnslifute an t�ssignmrni ot th�� um . . � - � .
<br /> narnc�l premium. . . � . � . :
<br /> s..� � . Any sums received by fhe D4ortgaqee by reuson of Inss ur dnmaRe insured :�gainst may br relnini•d Ly Ihe �lortgegec . . . .
<br /> ancl applicd lo���nrd the puymi•nt of lhe debt herelw srcured. or. +d lhe option u[ the Aiort�;agce, such sums cither whnlly or in .� � � . � ��
<br /> � �' . - c part may be puid over t� lhe hlortgagor lo t�e used tu reu��ir such buildings or �n builri m+w buildings in their Pl�icr or tnr any � � . . . . _ � � � � �
<br /> olher purpune or object salisfactory ln ihe MnrtR�i�;re wilhout �dTrclin�; lhe lii•n ��n thi� morl �;aFe (or ihe full i�muunt �ecur�•d here- . . . �
<br /> p����. by before tiuch puyment evrr trwk place. � . .
<br /> 't: �. ' . 1 'f'o promptly r�•pair. reslure ur rrLuild any buildin;;s ur impn�vemrnls no�s nr hrrea(lrr un lhi• premises which may be- , .. � . .
<br /> �. come damnged or dc;troyisl; lo ki•i�p v;�id pr<•mises in ti�x�d cundilion ;md repair nnd free (rum :my m��chunic's li�•n or other lii•n or � � . �
<br /> . claim o( lien nul expresrly suburdinaled to the lirn hereof: nut lu sufirr ur prrmil mrv unl�i�ctul use of ur �ny nuiaance lu �aisl ��n ' - . . .
<br /> 6- � . st�i[l pruperly nor lo pertnil waslr on +aid premiscs. nur t�� du any uther act H•hrrrb�� ih�� prnperlV here6y conveyed �h��ll berome �� . � . .
<br /> it " � . I�:cv vuluuble. nur lo diminish or imp;�ir it5 ralue 6y uny acl or omivsiun lo �ct : tn cumpl�� �t�ith nll n•quirrmi�nls of law with rrspect .. .
<br /> �. to the� morl4aged pretnises amd �h�� use fhereof. � . � .
<br /> �� � . ,t'hnf should the Premises ur any purt thereof !x• laken ur d.�maged by rrason o( unr public improvemrnl ur condemnation � . . .
<br /> � . , procec�ling. or under the ripht uf eminent dnmain, or in any olhrr mnnner. lhe Atort�;��gce shall be entitled �u all enmpensations. _ . .
<br />� �' uwurds, und any olher payment ur relie( fhrrrfor. and sh;dl be entitlyd, at itti up� iun, to commence, app�.lr in and prose�;ute in its - � �
<br /> �;,; �- � u�vn name any :�ction or pruceeding, or to �noke nny cnmprmnise nr srtUrment in connrcliun wilh such takin� ur damage. �VI such �
<br /> . : c<>mn�•nw�tion. tnvardx. dmm�ges, right ut acliun an�l procecYls are hi•reby ussigned tn ihe Alurl�;a�;ee. �rho may, ufter drducling . .
<br /> :` , lhervtrom nll ils exP�'��ses. rcleusc any tnoney; so ren•i��ed 6�� il ur apply the n��nie ori ;my indrbf�•rincax ::ecured hrreby. 'Ch�� \lnrf • � �
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<br /> gagur agreos to exec:ute sucL turl6r� :�s�i�:nments o( anY cumP�•nsulion. awards, danwgcc. and ri�hls nf ;iction �md pmc�.i•ds as the
<br /> e . �: � Tlnrtgngec• may reyuire.
<br /> p� � � � 1'hut in cnse o( failum to per(orm �ny o( lhe corenants herein, lhe �4or(�agee mny du on lhe Mortgagor'n behnlf every-
<br /> . ,� thing so coven¢nted; thnt lhe Atortgagee mny u(so do any act it may deem neces.sary to protect the lien themo[; thsst the T1ort-
<br /> j�-. � �. � gagur will repuy uPon demand uny moneyx paid or dic6ursed by thc Tlortgagec [or nny of the ubove purposes, nnd such moncye .
<br /> togeti�er with inLerest thereon uf thc r¢le provided in said nole ehnll bemme so much ndditionul indebtedness hereby secured nnd
<br /> may be included in any decme foreclosing t}iis morlgvge nnd bc paid out of the mnts or proceeds of sulc o[ enid premises if not
<br /> " � otherwise paid; nnd thul MortKagec• sh�dl not incur any personnl liabilily becnuse o[ anythin� it may do or omit ta do hereundee �
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<br /> � In the r.vent o( thr deFuult bY \1�rtgagor in lhe pxyment uf any intitallmenl. ns myuimd hy ih�� Nnfr seeured hrrehy, or
<br /> � in the performance uf lhe oLlignfion in Ihis morl�;agi� ur in the note urured therel�y, lhr Aturl�;;�gee slinll be �nliUrd to declam the
<br /> ;�- . debt secured hereby durr and puyn6le without notici�, nnd ihe R1or�gugee sh�+ll be �•ntilled t�t i�s nplion, a•ithout notice. either by itsnl[
<br /> �� � � �. c: !,� � :^��(y�. �„ �••• ••�.�.,,•;::��1 t.y th., r.u� �l th..rr..f, :�nd with�.qf wrqr!1 to th!• :�d�NZia�ry �d nny sr<•nrify (nr the indeb�edness a�.
<br /> � ' cur��i hereby, to entir upon and take pos.a�ssion o[ the mortga�;ed premises, und to c�,llect .md recrive ihe rent., i�surs and profiLv �
<br /> - thereuf, nnd apply lhe same. I��ss cosls n[ operalion und mllc�cliun. upon the indebt�•Ines� rrcumd bY lhis murtgage: said renls,
<br /> . icvues nnd profiLv being hereby nssigned to lhr �lortgngee av further v�rurily (nr lhe puymert �d �+II indrLtedncrK sccived hereLp. �
<br /> .., . The Mortgngee shall huv�: thc pmcer to appoint nny ugent ur agents it may Jesire for thc• purpiHe of repuiring saiel prem- �'•,.� '" . :
<br /> � ises; renting the nomr, enllecling the rents, revenues und income, nnd it m�iy pny out of said income all expcus�•s incurnrl in renb � � � � N ''=.�':
<br /> L ing nnd manuging Aie snme and nf cullecting the rentals lhen•[tom. 'fhe Lalance remnininti, if nny, s6�ill 6r applied tmvard the S
<br /> di5chnrge of the mortgage indeht�slneev. This axRi�;nment iv to trrminule nnd Inrnm�� nvll �md void iipun r��l��nw• nf this mnrt�;age ��
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<br /> � '. '1'he TforlKaKee �nuy culleci u '7ule cL�rge" nol ln exceed I�ivr Cents ( �ic) for ench dullnr ISI .WI u( ruch totnl m��ntlily � ,
<br /> p:iymi�nt morr lhan Ib depn in nrrw�r� Lu cuvrr Ih�� extrs� �•xpensr imulvrd in handlin� drlinqurnl accounla .
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